Energy

Green Energy

EU to allocate EUR 200 bln recovery fund for green projects

The countries of the European Union will invest at least EUR 200 billion in green projects when they help the...

Green Energy

Aurubis Bulgaria launches 10 MW solar plant construction

Copper producer Aurubis Bulgaria, part of Germany's Aurubis AG, said in a press release Thursday it started the construction of...

Power

New Paks blocks could start commercial operation in 2029

Two new blocks at Hungary's Paks power plant could start commercial operation in 2029 and in 2030, the minister in...

Green Energy

Budapest launches plan to install 10 mln sqm of solar panels

Budapest city leaders on Thursday announced a plan to install 10 million square meters of solar panels in the capital...

Green Energy

EIB approves EUR 1.4 bln in financing for renewables in Europe, Africa

The European Investment Bank (EIB) has approved EUR 1.4 billion in financing for renewable energy, the lender announced....

Energy Trade

Romgaz enters exclusive negotiations with ExxonMobil for Black Sea project

Romanian state-controlled gas producer Romgaz has entered exclusive negotiations with US oil group ExxonMobil for its stake in the Neptun...

Green Energy

N. Macedonia inks contracts with Solarpro, Fortis for PV project

North Macedonia's government said it has signed contracts with Bulgarian solar energy group Solarpro Holding and Turkish Fortis Energy Electric...

Energy Trade

Russia’s Gazprom says Nord Stream 2 pipeline fully funded

The Nord Stream 2 project is fully supported with funds, and there is no need to raise extra money for...

Green Energy

Siemens Gamesa signs Polish offshore pact

Siemens Gamesa and Grupa Przemyslowa Baltic have signed a letter of intent (LoI) to work together to further the Polish...

Energy Trade

Hungary joins Pan-European day-ahead power market

The electricity markets of the 4M MC region of the Central and Eastern European countries (Hungary, Czech Republic, Slovakia, Romania)...

Green Energy

Northland, PKN Orlen win offshore wind CfD in Poland

Canadian power producer Northland Power has won a contract for difference (CfD) for the 1,2 GW (gigawatt) Baltic Power offshore...

Green Energy

Nearly 12% of electricity came from renewables in 2020

The amount of gross electricity generated from renewable energy sources increased by 17.7% in 2020 and renewable sources provided 11.9%...

Green Energy

Three Seas investment fund investing in owner of PV assets in Bulgaria

The investment fund of the Three Seas Initiative has acquired a 'significant' stake in Austrian renewable energy group Enery Development,...

Green Energy

Vestas to equip wind farm in Finland and Poland

Danish wind turbine maker Vestas Wind Systems A/S will provide turbines of its EnVentus platform for a 102-MW (megawatt) project...

Green Energy

ITM and Energy Community sign coop agreement

The Ministry of Innovation and Technology (ITM) and the Vienna-based Energy Community Secretariat signed a cooperation agreement on Monday on...

Energy

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

Energy

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Green Energy

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

Energy

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Green Energy

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

Energy Trade

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Green Energy

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Green Energy

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

Hungary Still EU’s Largest Buyer of Russian Pipeline Gas

Despite reducing its Russian pipeline gas purchases by 10%, Hungary remained the European Union's largest buyer in the first eight...

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Naftogaz, MOL Sign MoU on Fuel Storage in Hungary for Ukraine

Ukraine’s Naftogaz has signed a memorandum of understanding with Hungary’s MOL to explore developing petroleum product storage facilities near the...

Hungary Can Secure Gas Supply Without Russian Imports, Kapitány Says

Hungary could secure its gas supply without Russian imports by October 2027 if current conditions hold, Economy and Energy Minister...

E.ON Installs Four Battery Storage Systems to Support Solar Power and Grid Stability

E.ON Hungária Group has installed four battery storage systems with a combined output of 4 MW and storage capacity of...

MVM Introduces Dynamic Electricity Tariff

From Sep. 1, households and microbusinesses under universal service can voluntarily switch to energy company MVM's new dynamic tariff, which...

Paks Output Tops 800 MW as Record Drought, Heatwave Ease

Output at Hungary's Paks nuclear power plant rose above 800 MW on Sunday as conditions began to improve following the...

Hungary Targets Tenfold Expansion in Wind Power Capacity by 2030

Hungary’s long-stagnant wind energy sector could be set for significant expansion under a government package aimed at increasing installed capacity...

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...